HONASA CONSUMER CONTINUES TO DELIVER MARKET BEATING GROWTH WITH 33% REVENUE GROWTH & NET PROFIT GROWING ~14X YOY TO 54 CRORES IN H1 FY24
Chennai: Honasa Consumer Ltd. announced its results for quarter ending September 30, 2023.
Commenting on the performance, Varun Alagh, Chairman and CEO, Honasa Consumer Ltd. said,” I am proud of the Q2 and H1 FY24 results. The beauty market in India is brimming with opportunities, and we are receiving a lot of consumer love for our on trend innovations across brands. Honasa has been able to deliver market beating growths and constantly improve the profitability portfolio of the company. Our business has grown by 33% YoY in H1 FY24 which is 3.8 times the median growth of FCMG companies in India. Mamaearth, our largest brand has entered the Top 15 BPC brands in India, overtaking many legacy brands, as per a report by Jefferies. Our profits grew much faster than our revenues, with H1 PAT growing by 1,377% to 54 CR. Dr Sheths has become the 4’th brand from Honasa portfolio to enter the 150 Cr Club after Aqualogica and Derma Co. We will continue to deliver on our commitments to our business, consumers, and investors. “
